Corn Market Remains Bullish

This is Matt Rice with today’s Market Line Report for Wednesday. Corn Market remains bullish following the Recent USDA Report. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for May closed the day dn 21 ¼, to finish at 10-06. May Corn was up 10 ¾, to finish the day at 7-48 ¾. Kansas City Hard Red Winter Wheat prices for May were dn 14 ¾, to settle at 10-29 ¾.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 10-25 to 12-25. Soft white wheat with 10 ½ % Protein prices for June were Unch, ranging from 10-25 to 11-00. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were dn 15, ranging from 11-29 ¾ to 11-49 ¾. DNS wheat with 14 % protein, prices for June were up 19 ½, ranging from 11-56 ¾ to 11-96 ¾.

Live Cattle for June were dn $.87 ½, closing at 137.12 ½. May Feeder Cattle were dn $2.35 to finish the day at 166.55. May Class III milk was up $.57 to settle at 25.57.